Five Things an strongEconomiststrong Thinks Are Important in Analyzing the.pdfVIP

What Accountants and Lawyers Should Know About Economists Five Things an Economist Thinks Are Important in Analyzing the Domestic Production Deduction: What Accountants and Lawyers Should Know About Economists* Abstract - This is one of a trio of papers intended to highlight the potential gains from increased collaboration between the economists, lawyers and accountants in the tax policy community. In particular, this paper provides the view of an economist serving as a revenue estimator. In that role, fi ve important issues/concepts are described to aid lawyers and accountants to understand how economists go about analyzing tax policy issues. INTRODUCTION his paper provides the perspective of an economist to an Tongoing dialogue regarding how economists, accountants and attorneys can learn from one another and, thus, improve their analysis of tax policy issues. To narrow and provide specifi cs for our National Tax Association Spring Symposium audience, the participants in this session focused on the do- mestic production activities deduction, which was enacted as a part of the American Jobs Creation Act of 2004. I have elected to further restrict my discussion and provide the perspective of a revenue estimator. This perspective is distinctly different from that of many other econom